Day: December 5, 2024

Frequency Electronics, Inc. Announces Appointment of Tom McClelland to the Board of Directors

Written by Customer Service on December 5, 2024. Posted in Public Companies.

MITCHEL FIELD, N.Y., Dec. 05, 2024 (GLOBE NEWSWIRE) — Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) today is pleased to announce the appointment of its Chief Executive Officer, Dr. Thomas McClelland, to the Company’s Board of Directors, effective immediately. Tom, a 40-year veteran of FEI, served as the Company’s Interim President and CEO from July 8, 2022 through January 17, 2023, and has served as permanent President and CEO since then. Prior to that, Tom served as FEI’s Chief Scientist and has led the Company’s research and scientific efforts for over 20 years. He is one of the foremost experts in precision timing and space-related applications. He has the highest level of security clearance with the U.S. government and holds a PhD in physics from Columbia University. According to FEI Board Chair, General...

Sharps Technology Signs Sales Agreements to Support Major European Healthcare Network and Sells Out Its Inventory for SecureGard

Written by Customer Service on December 5, 2024. Posted in Public Companies.

Signed multiple agreements to sell its SecureGard syringe inventory, with initial shipments and revenue commencing in early December Agreements also include new forecasted orders and commitments for all current SecureGard capacity, to begin in Q2 2025 The SecureGard agreements will strengthen the potential revenue curve for the Hungary Operation starting in 2024NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) — Sharps Technology, Inc. (NASDAQ: “STSS” and “STSSW”), an innovative medical device and pharmaceutical packaging company offering patented, best-in-class syringe products, has begun deliveries of its 1mL and 3mL SecureGard safety syringes under the new sales agreements with a prominent European medical supply company serving Poland, Slovakia, and the Czech Republic. To meet demand in the region, Sharps’ customer has requested...

Branded Legacy, Inc. Strengthens Biotech Leadership, Focuses on Expansion, and Advances Strategic Rebranding

Written by Customer Service on December 5, 2024. Posted in Public Companies.

Company Refocuses on Sycamore BioPharma, Navigates Challenges, and Prepares for Rebranding to Royal Enterprises, Inc ORLANDO, Fla., Dec. 05, 2024 (GLOBE NEWSWIRE) — via IBN — Branded Legacy, Inc (OTC.PK: BLEG), provides updates as it confronts recent challenges and charts a focused path forward. The company has reaffirmed its commitment to the biotech and wellness sectors, with its primary focus now on expanding its wholly owned subsidiary, Sycamore BioPharma. Addressing Recent Challenges Branded Legacy recently endured a targeted attack that temporarily compromised its digital assets, including critical platforms such as banking and OTC accounts access. This malicious act, orchestrated in part by former employees, not only disrupted operations but also resulted in delays and reduction of profit from a major contract projected...

J-Long Group Limited Announces Effective Time of Share Consolidation/Reverse Stock Split to Regain NASDAQ Compliance

Written by Customer Service on December 5, 2024. Posted in Public Companies.

Hong Kong, Dec. 05, 2024 (GLOBE NEWSWIRE) — J-Long Group Limited (Nasdaq: JL), a Hong Kong-based and established distributor of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pulls and drawcords, today announced today that it will effect a share consolidation (“Reverse Stock Split”) of its Ordinary Shares at a ratio of 1-for-10, effective as of 11:59 pm on December 9, 2024 (the “Effective Time”), in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rules 5550(a)(2) and Rule 5450(a)(1). The Company’s Ordinary Shares are expected to begin trading on a Reverse Stock Split adjusted basis on Nasdaq as of the open of trading on December 10, 2024,...

Trust Stamp Announces Pricing of $3.0 Million Registered Direct Offering

Written by Customer Service on December 5, 2024. Posted in Public Companies.

Atlanta, GA, Dec. 05, 2024 (GLOBE NEWSWIRE) — Trust Stamp (Nasdaq: IDAI), a global provider of AI-powered technologies, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 5,555,548 shares of common stock (or pre-funded warrants in lieu thereof) in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell unregistered Series A Warrants to purchase up to an aggregate of 5,555,548 shares of common stock, and unregistered Series B Warrants to purchase up to an aggregate of 4,166,661 shares of common stock. The combined effective offering price for each share of common stock (or pre-funded warrant in lieu thereof) and the accompanying Series A Warrants and Series B Warrants is $0.54. Each private placement warrant...

Vroon and KVH Complete Deployment of Starlink/VSAT Hybrid Connectivity on 58 Vessels

Written by Customer Service on December 5, 2024. Posted in Public Companies.

MIDDLETOWN, R.I., Dec. 05, 2024 (GLOBE NEWSWIRE) — KVH Industries, Inc. (Nasdaq: KVHI), today announced that, together with international shipping leader Vroon, they have completed the deployment of Starlink/VSAT hybrid connectivity aboard 58 Vroon vessels. The hybrid configuration employs new Starlink Flat High Performance Terminals and Starlink service configured to work in concert with the existing KVH TracPhone® V7-HTS VSAT terminals and Iridium Certus units already onboard Vroon’s fleet. “Our crews’ well-being is of the utmost importance to us. By providing reliable and high-speed Internet access to our colleagues at sea, we ensure they can stay connected with families and friends while performing their duties safely and efficiently,” said Rob Frenks, Vroon Group ICT Manager. “Working with KVH on the integration of Starlink,...

H&R Block Names George Agurkis as Vice President of Government Relations

Written by Customer Service on December 5, 2024. Posted in Public Companies.

George Agurkis HeadshotGeorge Agurkis, Vice President of Government Relations, H&R BlockKANSAS CITY, Mo., Dec. 05, 2024 (GLOBE NEWSWIRE) — H&R Block, Inc. (NYSE: HRB), a leading provider of global tax preparation, financial products and small business solutions, today announced the promotion of George Agurkis to Vice President of Government Relations. In his new role, Agurkis will lead the government relations team and its efforts to advance the company’s legislative, regulatory, and policy priorities at the state, federal, and local levels. “During his three-year tenure, George has been instrumental in progressing policies that benefit our clients and company, including spearheading an initiative to support enhanced identity verification standards and real-time data sharing to combat fraud,” said Dara Redler,...

VivoPower’s Caret Digital to activate Dogecoin mining operations, with revenue and profitable cashflow generation by early January 2025

Written by Customer Service on December 5, 2024. Posted in Public Companies.

Caret Digital has selected renewable-powered hosting facilities in Wisconsin and Oregon with an initial fleet ramping up to 1,000 Antminer L9s to be activated Annualised revenue potential of up to US$25m based on current Dogecoin prices, with annualised cash EBITDA of up to US$12m Dogecoin mining is consistent with Caret Digital’s Power-to-X strategy that seeks to activate the highest and best use cases for renewable power capacity Economics of Dogecoin mining have improved markedly with an estimated payback period of 9-12 months (depending on power costs and based on current market values) Caret Digital has secured non-dilutive financing to fund the acquisition of the Antminer L9s and will deploy the fleet on a staged basis LONDON, Dec. 05, 2024 (GLOBE NEWSWIRE) — VivoPower (“the Company”) announced today that its wholly owned...

ZenaTech Plans to Disrupt the Land Survey Industry With Drones, Signs LOI for Land Survey Company Acquisition

Written by Customer Service on December 5, 2024. Posted in Mergers And Acquisitions.

TORONTO, Dec. 05, 2024 (GLOBE NEWSWIRE) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, announces today that it has signed an LOI (Letter of Intent) to acquire its first land survey company, part of a larger roll-up strategy to disrupt the land survey industry by accelerating the use of drones for speed, accuracy and innovation benefits. The signed agreement is with a US company, which will form the base of the DaaS (Drone-as-a-Service) business in the Southeast US region. “This is a crucial step in the establishment of our DaaS strategy, which includes the disruption of an established land survey business ecosystem. We have a unique opportunity to significantly disrupt the...

Steam Turbine Market to Propel Growth at USD 20.32 Billion by 2031

Written by Customer Service on December 5, 2024. Posted in Mergers And Acquisitions.

Westford, USA, Dec. 05, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global steam turbine market will attain a value of USD 20.32 Billion by 2031, with a CAGR of 2.5% during the forecast period (2024-2031). The global steam turbine market will witness substantial growth in the forecast period owing to high energy demand coupled with constant investments for capacity expansions. Steam turbines are machines that capture steam thermal energy onto a rotating output shaft and transform it to mechanical work. Also, the rapid expansion of marine excavation will greatly influence the steam the growth of steam turbine market size. Future growth of global steam turbine market will be due to the necessity to minimize energy demand and supply gaps, as well as current development in thermal power projects. Rising economic and environmental...

Day: December 5, 2024

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